Tuesday, July 31, 2012

RBI macro survey sees FY13 GDP growth at 6.5%

........"Risks to inflation remain from unsatisfactory monsoon and increases in MSP even as growth slowdown eases demand pressures. While core inflationary pressures are currently muted, a continued rise in real wages may spill over to core inflation." While RBI did not indicate to cut rates amid the ongoing threat of high inflation rate, it fully recognised the threat of waning GDP growth that needs to be revived by lifting the investors' confidence............. 

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